Abstract
This paper examines the origins of the “Australasian” method of recording share issues, and the method's adoption and institutionalisation by practitioners into accepted accounting practice in Australia and New Zealand. It includes an investigation of late nineteenth century and early twentieth century company records (journals, ledgers and balance sheet disclosures); examination papers set by early accounting bodies in Australia and New Zealand; and a review of the accounting literature in Australia, New Zealand, United States, Britain, France and Germany. Possible factors leading to the adoption of the method in Australia and New Zealand are considered. No evidence substantiating the origin of the method in Australia and New Zealand was found, but a number of possible origins are suggested.
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